Of course not. Invention is the mother of necessity. The same is true with email, SMS text messaging, even the Web connection. I shudder to even think of being cut off from the Web for an hour, let alone a day or longer. Perish the thought.
Residency Pay. Medical residents are paid, according to the University of Alabama. As of 2011, residents with the University of Alabama earn between $45,443 and $54,915 a year, or between $3,786.92 and $4,576.25 a month. Pay depends on where the student is completing his residency training. Residents with the University of California, for instance, earn $48,259 in their first year.
Doctors often graduate medical school with well over $300,000 of student loan debt. Residency. It would cost a doctor $1,753 per month ($21,037 yearly) just to pay the interest on a $300,000 loan. Thatâs almost half of a doctors average net residency income of $50,000.So, for a doctor practicing internal medicine to forbear a $300,000 loan for three years during residency, then repay that loan for 20 years, it would result in an overall loan cost of $687,360. Thatâs $34,368 per year for 20 years.Career.esidency. It would cost a doctor $1,753 per month ($21,037 yearly) just to pay the interest on a $300,000 loan. Thatâs almost half of a doctors average net residency income of $50,000.